$SOL Analysis and Recommendation on 4h Frame

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Solana SOL/USDT is currently at 174.74, showing in the chart that it is in a short-term downward trend after failing to break the last peak of 186.80 and breaking the moving support of EMA 7 and EMA 25, with a proximity to EMA 99 which represents an important support.

Technical Analysis:

Moving Averages: The price is below EMA7 and EMA25, which gives a negative signal in the short term, but EMA99 at 174.94 is very close and may determine the fate of the movement.

MACD: In a negative area, with the gap between the MACD line and the signal widening, which reinforces selling pressure.

RSI (29.55): In the oversold area, which may provide a short-term rebound opportunity if strong support appears.

Supports: 171.14 – 165.49 – 161.13.

Resistances: 176.79 – 180.50 – 186.80.

Recommendation:

For quick speculation: If the price maintains support at 171–174 with the appearance of reversal candles, one can buy with a target of 176–180 with a stop loss below 170.

For holding: It is better to wait for a stable re-break of 180 before strengthening positions.

Warning: Breaking 171 will push towards 165 and possibly 161.

I see that the upcoming movement will depend heavily on the price reaction at EMA99 and support at 171, so if it holds above it, we may see a short-term technical rebound.